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PCF Formula for a Swing Candle Trade Rate this Topic:
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stockjaguar2730
Posted : Saturday, January 12, 2019 12:55:35 PM
Registered User
Joined: 1/3/2017
Posts: 4

Hello Bruce,

I would appreciate if you could guide me to write a PCF for the following

1) Last 5 days close within 2% of each other (looking for a tight action)

2) Low of the last 2, 3, 4, or 5 days within 1-2%

3) Today's close at the highs or within 2% of the high today

 

Thanks,

SJ

bcochrane
Posted : Saturday, January 12, 2019 6:02:36 PM
Registered User
Joined: 9/17/2010
Posts: 459

To get you started from http://forums.worden.com/default.aspx?g=posts&t=68321

"The following condition formula is an example checking for the entire range of price to be less than 3% over 15 bars (about 3 weeks in a daily time frame).

MAXH15 <= 1.03 * MINL15

The following condition formula checks for the closing prices to be in a 2% range over 15 bars.

MAXC15 <= 1.02 * MINC15"

so 5 days within 2%

MAXC5 <= 1.02 * MINC5

The lows within 2%

MAXLx <= 1.02 * MINLx and last

H<C*1.02

stockjaguar2730
Posted : Saturday, January 12, 2019 8:36:17 PM
Registered User
Joined: 1/3/2017
Posts: 4

Thank You bcochrane...much appreciated!

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